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M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

Smith System Driver Improvement Institute Inc., a driver training and management solution provider based in Arlington, has been acquired by Levine Leichtman Capital Partners, a private equity firm in Los Angeles.
Founded in 1952, Smith works with fleet managers to provide training programs and content resources to change driver behaviors. Smith has trained millions of drivers in more than 100 countries through its on-road, classroom, e-learning and new technology-based training and driver improvement programs.
Smith is the third investment from Levine Leichtman Capital Partners Fund V LP.
Tony Douglas, Smith’s chief executive officer, and his management team will retain significant ownership in the company and will continue to lead Smith.
“I am very excited about partnering with LLCP as the company seeks to further strengthen its global market position and advance into its next stage of growth,” Douglas commented in a news release. “LLCP has a long history of being a value-added partner to its portfolio companies through their strategic, financial and M&A expertise, and I expect our partnership to contribute meaningfully to the continued growth of our business.”
Smith System was advised by Robert W. Baird & Co. Inc.
Levine Leichtman Capital Partners manages $7 billion of institutional investment capital through private equity partnerships, various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V LP, Levine Leichtman Capital Partners SBIC Fund LP and Levine Leichtman Capital Partners Private Capital Solutions LP. Prior investments include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, Jon Douglas Real Estate Group and Luminator Technology Group.